How Am I Doing? Financial Well-Being, Its Potential Antecedents, and Its Relation to Psychological / Emotional Well-Being

Richard Netemeyer, University of Virginia, USADee Warmath, University of Wisconsin-Madison, USADaniel Fernandes, Catholic University of Portugal, PortugalJohn Lynch, University of Colorado, USA

This paper develops a model of financial well-being. Financial well-being is composed by current money management stress and future financial security. These two constructs explain about a third of variation in overall well-being. They are predicted by different traits and behaviors suggesting promising avenues for improving financial and overall well-being.